Microsoft shifts from three reporting segments to two: Agents and Infra, including Microsoft 365 and Azure, and Devices and Consumer, with Windows and Xbox (Stephen Nakrosis/Wall Street Journal)

Microsoft is restructuring its reporting into two segments: Agents and Infra, which includes Azure and Microsoft 365, and Devices and Consumer, covering Windows and Xbox. Additionally, the company will begin disclosing quarterly Azure revenue, which reached $29.42 billion in the fourth quarter, marking a 42% growth for the cloud business.